Tag Archives: bill foster

Olaf Scholz who is currently the German finance minister has indicated his stance on the cryptocurrencies in particular and electronic money in general. According to local sources, he made his position known last week and also revealed skepticism for private-interest cryptocurrencies such as Facebook’s Libra. He proposed the introduction of an electronic Euro which won’t serve a replacement of the current Euro system but will be used alongside it.He said:“Such a payment system would be good...

Even as the U.S. Congress bites down hard on Facebook and the social media giant’s grand plans of issuing its own digital currency, a recent event has corroborated the general idea that the problem with the Libra might not be the fact that it’s a digital currency itself, but that it’s being issued by Facebook. This is because, two Rep members have revealed concerns about the inevitability of digital currencies in the near future, suggesting that the United States should start getting used to...